In the last eighteen months Hertfordshire based independent Estate Agency, Raine and Co has seen a dramatic expansion, quadrupling in size and now operating seven offices in the county. The growth has seen highly visible branches opening in Cheshunt, Broxbourne, St Albans, Codicote and Stevenage as well as expansion into Central London with a commercial office opening in prestigious Mayfair all complemented by their existing offices in Potters Bar and Hatfield.

Paul Raine commented During the recent recession we consolidated our business and formulated a plan for the growth once the market improved. We saw an opportunity to expand our network of offices both through our own means but also through a licensing scheme. Two of our new offices are operating under license and this has allowed us to grow at this rate without some of the usual problems of rapid expansion.

Paul also commented We are still looking for more opportunities to expand our network and already have some ideas in the pipeline. The offices that have opened under the licensing scheme are owned by past members of staff looking to build a business for themselves yet still benefiting from the support they receive from our other offices, this is something that we would like to explore further by attracting more new starts or maybe smaller existing independent estate agents looking for a little more.

Published on 10 October 2014

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